The Robot Exchange has secured a £500,000 investment from private equity investment firm, Foresight Group, through the Midlands Engine Investment Fund (MEIF).
“Our Robotic Process Automation technology delivers rapid automation of manual and menial tasks, benefitting businesses and their customers, and we deliver a full return on investment for our clients within the first year, which is highly unusual for any tech project. The MEIF funding will no doubt help us expand this further as we grow our services and enhance our workforce.”
Ray Harris, private equity director and principal of MEIF at Foresight Group, added: “We’re very pleased to be backing The Robot Exchange as it continues to develop its software. A combination of a great product and management team within a sector that should see significant growth makes for a compelling investment proposition.”
Source: The Business Desk
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.